Stock Rating Downgrade
The Value Trend Rating for Gildan Activewear Inc (NYSE: GIL) weakened in the last week from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Gildan Activewear Inc (NYSE: GIL) stock declined modestly by -1.1% on 3/18/24. The stock closed at $33.80. However, exceptionally low trading volume at 47% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -0.8% during the last week.
Current PriceTarget Research Rating
GIL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Gildan Activewear has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Gildan Activewear has a neutral Appreciation Score of 45 but a good Power Rating of 76, with the High Neutral Value Trend Rating the result.
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